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MA H498

MA H498
Relative to an investigation to review flood insurance rates


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

Relative to flood insurance rates. Financial Services.

AI Summary

This bill requires the Commissioner of Insurance to conduct a biennial investigation into flood insurance rates set by the National Flood Insurance Program. The investigation will focus on the affordability of flood insurance for homeowners and businesses, the sustainability of the program, and whether the flood insurance premiums accurately reflect the risk of loss. The Commissioner must make each biennial report publicly available and submit it to the clerks of the Massachusetts House of Representatives and Senate.

Committee Categories

Business and Industry

Sponsors (35)

Last Action

Accompanied a study order, see H4778 (on 07/18/2018)

bill text


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